Buyers returned to the Bitcoin (BTC) market, locating interim upside opportunities as the price rebounded to nearly $40,000 on Feb. 25, gaining 16% in less than 24 hours. Investors bulk up Bitcoin holdings The number of Bitcoin addresses with a balance greater than 0.01 BTC (~$400) reached a record high of 9.51 million, the latest data from CoinMetrics shows. Meanwhile,…
The world’s most popular sport suffered an own goal as European clubs canceled their partnerships with Bitci, a Turkish crypto exchange. However, plenty of substitute crypto companies are on the bench, ready to bring crypto to the mainstream through soccer. Growing yet unclear cryptocurrency regulations in Turkey have reportedly hampered the company’s ability to make payments, leading to a lack…
Yuval Ben Haym, regional manager of Remax, a real estate firm that operates worldwide, has announced that the “first” real estate purchase with cryptocurrencies has already occurred in Chile. The purchase, that was made using bitcoin, happened last year. Such purchases have also already happened in other countries like Colombia, Mexico, and Venezuela. Remax Announces ‘First’ Real Estate Transaction…
The Associated Press has pulled the sale of an NFT depicting a video of migrants in an overcrowded boat crossing the Mediterranean Sea, following widespread criticism. “Tomorrow’s drop at noon EST on the AP Photography NFT Marketplace will feature video by @felipedana of migrants drifting in an overcrowded boat in the Mediterranean,” the AP’s now-deleted tweet read. The tweet was…
The below article is part of a larger series on Bitcoin mining around the world compiled by the team at Arcane Research. Bitcoin miners have an outsized presence in Georgia, considering the country’s tiny geographical size and small population. What makes this former Soviet republic so attractive to bitcoin miners? I lived in Georgia for six months and have first-hand…
Major Japanese e-commerce firm Rakuten has announced the launch of its own nonfungible token (NFT) trading platform dubbed Rakuten NFT. The firm initially revealed its plans to launch a proprietary NFT marketplace in 2021 amid the growing popularity of non-fungible tokens worldwide. According to Rakuten, the NFT marketplace also hosts a platform that allows IP owners to create their own…
The Central Bank of Argentina is reportedly working on a new group of regulations seeking to control the totality of the digital wallets in the country. This new legal framework is directed at stopping fraud said to be facilitated by these tools. According to leaks on local media, the publication of the law is imminent. Central Bank of Argentina…
Arthur Hayes and Benjamin Delo, founders of crypto exchange BitMEX, have pleaded guilty to violating the United States’ Bank Secrecy Act. Per a press release from the U.S. Department of Justice, Hayes and Delo willfully failed to “establish, implement and maintain an anti-money laundering program at BItMEX.” Both have agreed to separately pay a $10 million criminal fine that represents…
Following Russia’s invasion of Ukraine, volatility in bitcoin and ethereum prices intensified, with both falling to one-month lows on Thursday. Both have since moved away from these lows so far today, in what looks like temporal consolidation. Bitcoin As of writing, cryptocurrency markets are up by over 7% on Friday, with bitcoin trading 8% higher heading into the weekend. This…
BNY Mellon, a major investment bank, is developing a digital asset custody platform that would allow institutional customers to gain crypto exposure. According to a report from City A.M., customers will be able to store the world’s most popular cryptocurrencies, Bitcoin (BTC) and Ether (ETH), in BNY Mellon crypto wallets which are powered by Fireblocks technology. However, once regulatory approval…
